European mining stocks were raised to “overweight” by JPMorgan Chase & Co. strategists including Mislav Matejka, who wrote in a report that the basic-resources industry is the only one geared to economic growth to have underperformed the market this year.

European equities will climb 12 percent through the end of next year, beating 2010’s gains, as rising earnings and record-low interest rates help companies overcome the sovereign-debt crisis, a Bloomberg survey of 13 strategists shows.

European stocks rose to their highest level in more than six years, as mining companies advanced, and Sky Deutschland AG rallied after British Sky Broadcasting Group Plc said it’s in talks to buy the company.